Posted 08 Dec, 2019 | Finance
What is commodity market? How does it work?Add Answer
The raw material which is natural & used for the creation of products is called commodities. Commodities fall into two categories Agri commodities & non-Agri commodities. Agri commodities are classified when they are grown. Natural resources that need to be mined & processed such as oil, gold, silver, etc are classified as agricultural commodities.
The national commodity exchanges in India are:
The National Commodity and Derivative Exchange (NCDEX)
Multi Commodity Exchange (MCX)
The National Multi Commodity Exchange of India